Tax Calendar of November 2021- GST, Income Tax and Companies Act
1. Compliance requirement under Income Tax act, 1961
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Compliance Particulars
Due Dates
1
Due date of depositing TDS/TCS liabilitiesunder Income Tax Act, 1961 for previousmonth.
07.11.2021
2.
Due date deposit of TDS for July-Sep. 2021u/s section 192, 194A, 194D or 194H.
07.11.2021
3
Due date for issue of TDS Certificate for tax deducted under section 194-IA, 194-IB and 194M in the month of September, 2021
14.11.2021
4
Due date of TDS Certificate in case of Tax deducted in case of other than salary for the quarter ending September, 2021
15.11.2021
5
Form 3BB is the monthly statement to be furnished by a stock exchange in respect of transactions in which client codes been modified after registering in the system for the month of October 2021
15.11.2021
6
Due date of furnishing of Form 24G by an office of the Government where TDS/TCS for the month of October, 2021 has been paid without the production of a challan
15.11.2021
7
Due date for furnishing of challan-cum-statement in respect of tax deducted under section 194-IA, 194-IB, 194-IM, in the month of October
30.11.2021
8
3CEAA is required to be Filed electronically with the Director General of Income Tax (Risk Assessment)
30.11.2021
9
To exercise option of safe harbour rules for International transaction by furnishing Form 3CEFA.
30.11.2021
10
To exercise option of safe harbour rules for Domestic transaction by furnishing Form 3CEFB.
30.11.2021
11
Statement of income distribution by Venture Capital Company or venture capital fund in respect of income Distributed during previous Year 2020-21 (Form No. 64)
30.11.2021
12
Due date for filing of statement of income distributed by business trust to unit holders during the financial year 2020-21.
30.11.2021
13
Statement to befurnished inForm No. 64Dby AlternativeInvestmentFund (AIF) toPrincipal CIT orCIT in respectof incomeDistributed(during previousyear 2020-21)to units holders
30.11.2021
14
Submit copy ofaudit ofaccounts to theSecretary,Department ofScientific andIndustrialResearch incase companyis eligible forweighted deduction under section35(2AB).
30.11.2021
15
Report to be furnished in Form 3CEB in respect of International transaction and specified domestic transaction.
30.11.2021
Income Tax Calendar Due Date – Extensions
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Nature of Extension
Provisions / Forms of IT Act 1961
Original Due Date
Extended Due Date
1
Uploading of the declarations received from recipients in Form No. 15G/15H during the quarter ending 30th June, 2021
Form No. 15G/15H
15.07.2021
30.11.2021
2
Intimation to be made by Sovereign Wealth Fund in respect of investments made by it in India in Form II SWF for the quarter ending on 30th June,2021,
Form II SWF
31.07.2021
30.11.2021
3
Intimation to be made by a Pension Fund in respect of each investment ) made by it in India in Form No. 10BBB for the quarter ending on 30th June,2021
Form No. 10BBB
31.07.2021
30.11.2021
Important Notifications – For the month of October – 2021:
A. Taxpayers having aggregate turnover > Rs. 5 Cr. in preceding FY
Tax period
Due Date
No interest payable till
Particulars
October, 2021
20thNovember, 2021
–
Due Date for filling GSTR – 3B return for the month of Oct, 2021 for the taxpayer with Aggregate turnover exceeding INR 5 crores during previous year
B. Taxpayers having aggregate turnover upto Rs. 5 crores in preceding FY (Group A)
Group A States: Chhattisgarh, Madhya Pradesh, Gujarat, Maharashtra, Karnataka, Goa, Kerala, Tamil Nadu, Telangana, Andhra Pradesh, Daman & Diu and Dadra & Nagar Haveli, Puducherry, Andaman and Nicobar Islands, Lakshadweep
Tax period
Due Date
October, 2021
22nd November, 2021
C. Taxpayers having aggregate turnover upto Rs. 5 crores in preceding FY (Group B)
Group B States: Himachal Pradesh, Punjab, Uttarakhand, Haryana, Rajasthan, Uttar Pradesh, Bihar, Sikkim, Arunachal Pradesh, Nagaland, Manipur, Mizoram, Tripura, Meghalaya, Assam, West Bengal, Jharkhand, Odisha, Jammu and Kashmir, Ladakh, Chandigarh, Delhi
Tax period
Due Date
October, 2021
24thNovember, 2021
D. Filing Form GSTR-1:
Tax period
Due Date
Remarks
Monthly return (October, 2021)
11.11.2021
GST monthly return for the month of October, 2021 (GSTR 1) applicable for taxpayers with Annual Aggregate Turnover more than 1.50 Crore. GST monthly return for the month of October, 2021 (GSTR 1) applicable for taxpayers with Annual Aggregate turnover less than 1.50 Crore and opted to file monthly Return.
E. Non Resident Tax Payers, ISD, TDS & TCS Taxpayers
The taxpayers, who have registered at GST portal but have not yet furnished their Bank Account details, are required to update it at GST Portal through non-core amendment, within 45 days of first login henceforth.
GSTR-2B will be available in the afternoon of 14th as its generation commences after end of due date of GSTR-1/IFF filing on 13th.
GST UPDATES from 01.10.2021 to 31.10.2021
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Notification Particulars
Notification No.
Link(s)
1.
Resumption of Blocking of E-Way Bill (EWB) generation facility.
Clarification regarding GST rates & classification (goods) based on the recommendations of the GST Council in its 45th meeting held on 17th September, 2021 at Lucknow – reg.
First declaration within 90 days from the date of notification Dt. 08.02.2019
A person having Significant beneficial owner shall file a declaration to the reporting company i.e. within 90 days of the commencement of the Companies (Significant Beneficial Owners) Amendment Rules, 2019 i.e. 08.02.2019 In case Subsequent Acquisition of the title of Significant Beneficial Owner / Any Change therein a declaration in Form No. BEN-1 required to be filed to the reporting company, within 30 days of acquiring such significant beneficial ownership or any change therein.
Form BEN-1
within 30 days of acquiring beneficial interest
Filing of form BEN-2 under the Companies (Significant Beneficial Owners) Rules, 2018. (the date of receipt of declaration in BEN-1 ) CLICK HERE
Form BEN – 2 (e-form deployed by Ministry (ROC)) on 01.07.2019
Annual Compliance (30.09.2021)
*DIN KYC through DIR 3 KYC Form is an Annual Exercise. Last date for filing DIR-3 KYC for Financial year 2020-21 is 30th September, 2021Annual Exercise: CLICK HEREPenalty after due date is Rs. 5000/-(one time)
E-Form DIR – 3 KYC(Web Based and E-form)
Within 270 days from the date of deployment of this Form
Annual Return To Be Filed By Auditor With The National Financial Reporting Authority CLICK HERECLICK HEREClick HereNote on NFRA -2
NFRA-2(NFRA-2 e-Form live since 9th December 2019.)
Within 15 days of appointment of an auditor.
The Ministry in its General Circular No. 12/2018 dated 13th December, 2018 clarified that filing of Form NFRA-1 is applicable only for Bodies Corporate and ruled out filing by Companies as defined under sub-section (20) of Section 2 the Act.
E – FormNFRA -1
Within 30 days of the board meeting
Filing of resolutions with the ROC regarding Board Report and Annual Accounts. The details of the resolutions passed should be filed.
MGT-14 (Filing of resolution with MCA)
Within 60 (sixty) days from the conclusion of each half year.
Reconciliation of Share Capital Audit Report (Half-yearly) Pursuant to sub-rule Rule 9A (8) of Companies (Prospectus and Allotment of Securities) Rules, 2014 To be filed all unlisted companies, deemed public companies Till further clarification to be filled in GNL-2
E-Form PAS – 6
(Half Yearly basis) 31.10.2021
Form for furnishing half yearly return with the registrar in respect of outstanding payments to Micro or Small Enterprise, can be filed delayed without any Additional Fee
E-Form MSME-1
One Time compliances
Registration of Entities for undertaking CSR activities – Trust/ Society/ Section 8 Company need to file before Acceptance of Donation as CSR w.e.f. 01st April 2021
E-Form CSR-1
within a period of 60 days after the holding of AGM
IEPF Authority (Accounting, Audit, Transfer and Refund) Second Amendment Rules, 2019 Statement of unclaimed and unpaid amounts. This e-form shall be filed within a period of 60 days after the holdingof AGM or the date on which it should have been held as perthe provisions of section 96 of the Act, whichever is earlier
IEPF -2
LLP Compliance:
Applicable Laws/Acts
Due Dates
Compliance Particulars
Forms / Filing mode
LLP Act, 2008
30.12.2021 (extended)
Statement of Account and Solvency for Financial Year 2020-21 Within30 days from the end of 6 months of the financial year to which the statement relates.
Form LLP-8
Due dates of ROC Return Filings
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Particulars
Due Date
E- Form
1
Appointment of Auditor
Within 15 days from the conclusion of AGM
ADT-1
2
Filing of financial statement and other documents with the ROC
31.12.2021 – due date extended for all Companies including OPC Within 30 days from the conclusion of the AGM, other than OPC (In case of OPC within 180 days from the close of the financial year)
AOC-4
3
Filing of annual return by a company.
31.12.2021 – due date extended for all Companies including OPC Within 60 days from the conclusion of AGM
MGT-7
4
Filing of annual return by a company.
31.12.2021 – due date extended for all Companies including OPC Within 60 days from the conclusion of AGM – Applicable in respect of Annual Return for the F.Y. 2020-21 and onwards of OPC and small companies.
MGT-7A
5.
Filing of Cost Audit Report with the Central Government
31.11.2021 – due date extended Within 30 days from the receipt of Cost Audit Report
CRA-4
MCA Monthly Update Calendar: October, 2021
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Particulars of the Circulars
Link
1
Engagement of Media Advisor on contract in contract in IEPF Authority
Advertisement Notice in Form No. 63 for invitation of claims in the matter of M/s. Blue Crystal Agro Chemicals Ltd., (in Liquidation) issued by the OL, Bengaluru
Extension of last date of filing of Cost Audit Report to the Board of Directors under Rule 6(5) of the Companies (Cost Records and Audit) Rules, 2014-reg.
Form MGT-7/MGT-7A is likely to be revised on MCA21 Company Forms Download page w.e.f 14th October, 2021. Stakeholders are advised to check the latest version before filing.
Relaxation on levy of additional fees in filing of e-forms AOC-4, AOC-4 (CFS), AOC-4, AOC-4 XBRL AOC-4 Non-XBRL and MGT-7/MGT-7A for the financial year ended on 31.03.2021 under the Companies Act, 2013
Extension of last date of filing of Cost Audit Report to the Board of Directors under Rule 6(5) of the Companies (Cost Records and Audit) Rules, 2014-reg
Relaxations in paying additional fees in case of delay in filing Form 8 (the Statement of Account and Solvency) by Limited Liability Partnerships upto 30th December, 2021.- reg
The author of the above article is CS Lalit Rajput, Partner at Xcede Consultech LLP. Email id: [email protected]
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